Welcome the second part of our discussion retardant the digitalization in taxes. Today we will analyze more to what extent the tax digitalization utilizes already existing business processes, and to what extent it forces companies to adopt new measures, new processes. Check out the second part of our great and lively conversation between our host Kacper Kosowicz and his guests Andy Spencer (Sovos, United Kingdom) and Laszlo Hosszu (KR Group, Hungary).

The level of digitalization in taxes reached by countries globally varies significantly. How can companies keep up effectively with the continuous changes in depth of the data reported? How will tax digitalization affect the day-to-day business practice? Check out great and lively conversation between our host Kacper Kosowicz and his guests Andy Spencer (Sovos, United Kingdom) and Laszlo Hosszu (KR Group, Hungary).

In our new episode Jonathan Matthews (VAT Global, UK) and Alex Bradean (KR Group, Romania) are explaining how the EU VAT rulles apply to your business. During today’s discussion, we will guide you through the essence of the EU VAT system, focusing on the VAT registration procedures, the appointment of the fiscal representative and the way of charging the local VAT rates correctly to customers. Outline: 2:49 - When does VAT registration become mandatory in Europe for US companies? 3.52 - When could B2B transactions be exempted from the obligation of VAT registration? 5.43 - When, in which circumstances, might American companies use the VAT number in Europe? 7:36 - Is there anything link single European VAT registration for the American companies? 9:15 - Is the VAT registration needed in advance, before the sale is made and good arrived in Europe? 10:17 - Which institution can grant the VAT number? 10:55 - On which parameters or the US firm should select the country of the VAT registration? 11:43 - How long does it take to get a VAT number? 13:53 - What documents would American company need to submit in VAT registration process? 15:09 - Who is the fiscal representative? Is mandatory to appoint fiscal representative? 18:07 - How to avoid common VAT registration mistakes? 20:36 - Is opening a bank account locally needed when registering for VAT in Europe? 22:12 - Is Import One Stop Shop a mechanism available for the US companies? 24:10 - Is VAT OSS registration more complicated than standard VAT registration? 24:54 - What are three main challanges for US companies in Europe? 26:23 - Would US companies be verified before the VAT registration (in terms of UBO or KYC procedures)? 27:50 - How does voluntary VAT registration look like? 30:26 - Bussiness cases: companies seling software(1), companies organising conferences (2) 34:35 - When VAT can be reclaim?

The new e-commerce VAT reality in the EU still poses more questions than gives straight answers. In the second part of the discussion, Robert-Jan Brethouwer (Grant Thornton Netherlands) and Kateřina Ševčíková (KR Group) are giving practical insight into the Import One-Stop-Shop mechanism dedicated for non-EU based e-sellers. Our experts also look into the fiction of being deemed supplier, which marketplaces (Amazon, eBay, Alibaba) will need to deal with, under the new law.

Massive changes for the e-sellers in the European Union are coming into force as of the 1st of July. Who can benefit from the VAT One-Stop-Shop? How to prepare your e-commerce business for being compliant with new obligations? What are the most common pitfalls to be avoided? Robert-Jan Brethouwer (Grant Thornton Netherlands) and Kateřina Ševčíková (KR Group) have hands-on answers.